- FOCUS on the massive market opportunity in Big Data
- FUND and LAUNCH data-driven businesses
- HOST events and projects with the community of data experts
A HISTORY OF INNOVATION
The Hive India is anchored by the Patni family who are pioneers in the field of information technology in India. The Patnis were early entrants in this space in the mid 70s and built a global IT outsourcing business over a period of 4 decades. The company, Patni Computer Systems was recently sold at a transaction value of almost $1.5 billion. Subsequently Amit and Arihant Patni have been working to identify the next wave of innovation in the technology space. As a first effort they have co-founded a venture fund in the internet space in India called Nirvana. The Hive is a vehicle to fund and launch innovation in the area of data analytics.
BUILDING VALUE IN DATA ANALYTICS
The Hive is joining forces with entrepreneurs and start-ups that are seeking capital, qualified guidance and high level mentorship. Our goal is to function as equity partners rather than financial investors and participate significantly in the evolution of the enterprise. Of course the promoter still steers the ship, but along the journey the team will add value in several ways:
o Provide initial Capital
o Enhance management bandwidth
o Accelerate the product development (Access to Silicon Valley – Product/Technology stack)
o Provide help in building prototype, market validation and business plan
o Facilitate access to an ecosystem of US founders/Strategic Partners and Clients
o Engage with thought leaders in The Hive Big Data community worldwide
o Accelerate access to sources of future capital
In addition to mentoring startups, The Hive India will also host periodic talks and panel discussions to share knowledge and bring together experts and visionaries from academia and the industry. Consult our Meetup page for more info.
The Hive India is currently operational in Mumbai and aims to appoint a team of like-minded Big Data enthusiasts and build office infrastructure in Bangalore in the near future.
“Through our platform, we aim to help entrepreneurs create sustainable businesses that incorporate Big Data by providing them with initial capital, mentoring, technical and business guidance, and access to prospective follow on capital and strategic partners.” Arihant Patni, Managing Director, The Hive India.
INDIA AND BIG DATA
India has the proven history of services and has built valuable companies in the IT outsourcing space over the past twenty years. A joint study by NASSCOM and CRISIL Global Research & Analytics estimates that the Indian Big Data industry will grow from USD 200 million in 2012 to USD 1 billion in 2015 at a CAGR in excess of 83 per cent. The Hive India is interested in functional areas as well as verticals that lend themselves to innovative approaches and disruption by Big Data. Examples of functional areas of interest are Multi-Channel Marketing, CRM, Security, IT Management etc. Examples of vertical markets of interest are eCommerce and Retail, Media and Advertising, Financial Services and Insurance, Telecommunications, Healthcare etc.